BrightView Holdings, Inc. (NYSE:BV – Get Free Report) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.5167.
A number of brokerages have issued reports on BV. Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research report on Monday, May 4th. Oppenheimer began coverage on BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $13.00 to $14.00 in a research report on Thursday, May 7th. Finally, BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of BrightView in a research note on Monday, May 11th.
Get Our Latest Analysis on BrightView
BrightView Stock Performance
BrightView (NYSE:BV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The firm had revenue of $702.90 million for the quarter, compared to the consensus estimate of $638.80 million. During the same period last year, the firm earned $0.14 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that BrightView will post 0.56 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BrightView
A number of institutional investors have recently added to or reduced their stakes in BV. ProShare Advisors LLC grew its holdings in BrightView by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock valued at $166,000 after purchasing an additional 848 shares during the last quarter. Creative Planning raised its position in BrightView by 3.9% in the 2nd quarter. Creative Planning now owns 22,841 shares of the company’s stock worth $380,000 after purchasing an additional 858 shares during the period. Redmond Asset Management LLC lifted its stake in BrightView by 0.7% in the fourth quarter. Redmond Asset Management LLC now owns 173,716 shares of the company’s stock worth $2,201,000 after purchasing an additional 1,238 shares during the last quarter. Swiss National Bank lifted its stake in BrightView by 1.3% in the fourth quarter. Swiss National Bank now owns 140,400 shares of the company’s stock worth $1,779,000 after purchasing an additional 1,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of BrightView by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 32,709 shares of the company’s stock valued at $545,000 after buying an additional 1,937 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.
BrightView Company Profile
BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.
BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.
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